Nasdaq Sell-Off: 3 Top Dividend Stocks I Plan to Buy if the Nasdaq Keeps Falling
The Nasdaq Composite has tumbled in recent weeks. The index is down more than 10% from its peak, which puts it in correction territory (a decline of 10% or more from the high). Sell-offs like this can be tough to stomach at first. However, I've come to see corrections as buying opportunities, especially for dividend-paying stocks, since yields move in the opposite direction as stock prices. I currently have my eye on three top-notch Nasdaq-listed dividend stocks that I'd like to buy if the index continues its descent: Broadcom (NASDAQ: AVGO), PepsiCo (NASDAQ: PEP), and T. Rowe Price (NASDAQ: TROW). Here's why I'd love to buy more of these high-quality dividend stocks if the Nasdaq slump intensifies. Broadcom's stock has lost about a quarter of its value from its price peak in the past year. That has pushed the semiconductor and software company's dividend yield down to around 1.3%. That might not look very appealing to income-focused investors at first glance. While it's higher than the dividend yield on the Nasdaq, it's right in line with the S&P 500's dividend yield. Continue reading
The Nasdaq Composite has tumbled in recent weeks. The index is down more than 10% from its peak, which puts it in correction territory (a decline of 10% or more from the high).
Sell-offs like this can be tough to stomach at first. However, I've come to see corrections as buying opportunities, especially for dividend-paying stocks, since yields move in the opposite direction as stock prices. I currently have my eye on three top-notch Nasdaq-listed dividend stocks that I'd like to buy if the index continues its descent: Broadcom (NASDAQ: AVGO), PepsiCo (NASDAQ: PEP), and T. Rowe Price (NASDAQ: TROW). Here's why I'd love to buy more of these high-quality dividend stocks if the Nasdaq slump intensifies.
Broadcom's stock has lost about a quarter of its value from its price peak in the past year. That has pushed the semiconductor and software company's dividend yield down to around 1.3%. That might not look very appealing to income-focused investors at first glance. While it's higher than the dividend yield on the Nasdaq, it's right in line with the S&P 500's dividend yield.
